Rogers (NYSE:ROG) Shares Gap Down on Insider Selling

Shares of Rogers Corporation (NYSE:ROG) gapped down prior to trading on Monday after an insider sold shares in the company. The stock had previously closed at $111.11, but opened at $106.01. Rogers shares last traded at $103.9650, with a volume of 3,771 shares trading hands.

Specifically, SVP Michael Reed Webb sold 1,197 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $106.25, for a total value of $127,181.25. Following the completion of the sale, the senior vice president owned 9,747 shares in the company, valued at $1,035,618.75. This trade represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wall Street Zen raised Rogers from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “sell (d)” rating on shares of Rogers in a research report on Thursday, January 22nd. B. Riley Financial boosted their price objective on shares of Rogers from $127.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Zacks Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.00.

Rogers Stock Down 7.0%

The stock’s 50 day simple moving average is $98.41 and its two-hundred day simple moving average is $87.60. The company has a market cap of $1.84 billion, a PE ratio of -31.01 and a beta of 0.40.

Rogers (NYSE:ROG) last issued its earnings results on Tuesday, February 17th. The electronics maker reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.29. The firm had revenue of $201.50 million for the quarter, compared to analysts’ expectations of $196.50 million. Rogers had a positive return on equity of 3.56% and a negative net margin of 7.62%.Rogers has set its Q1 2026 guidance at 0.450-0.850 EPS. Analysts forecast that Rogers Corporation will post 3.57 EPS for the current year.

Hedge Funds Weigh In On Rogers

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of Rogers by 2.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,704 shares of the electronics maker’s stock worth $453,000 after buying an additional 130 shares during the period. Signaturefd LLC raised its stake in shares of Rogers by 4.1% during the fourth quarter. Signaturefd LLC now owns 3,343 shares of the electronics maker’s stock valued at $306,000 after purchasing an additional 133 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of Rogers by 1.9% during the third quarter. Illinois Municipal Retirement Fund now owns 8,728 shares of the electronics maker’s stock worth $702,000 after purchasing an additional 161 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of Rogers by 0.6% in the third quarter. Squarepoint Ops LLC now owns 29,294 shares of the electronics maker’s stock valued at $2,357,000 after purchasing an additional 162 shares during the period. Finally, Cerity Partners LLC grew its holdings in Rogers by 6.1% during the 4th quarter. Cerity Partners LLC now owns 2,870 shares of the electronics maker’s stock valued at $263,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Company Profile

Rogers Corporation (NYSE: ROG) is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.

Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.